Message from @Maksim

Discord ID: 685758086702432267


2020-03-07 07:48:34 UTC  

The top tax rate was also 90%

2020-03-07 07:48:40 UTC  

Something I imagine you're opposed to

2020-03-07 07:50:12 UTC  

How would you completely stop outsourcing, and allow a single person to work and support such a life

2020-03-07 07:50:29 UTC  

While keeping the population safe, educated, and healthy

2020-03-07 07:52:12 UTC  

That was the top marginal tax rate. It only applied to the dollars earned above 300,000 dollars or something. It wasn't the total tax rate for people in the highest income bracket.

2020-03-07 07:52:38 UTC  

You used to be able to raise a family with a good standard of living on a single working class wage in America

2020-03-07 07:53:58 UTC  

I am no expert in the US economy at the time, I only know from Germany that its market was definitely freer. With us, it was the same however, in 1950 you could raise a family with a working class wage, now you need two parents who are academicians. Here, taxes are to blame for that. You already pay 50% total taxes if your income is above 5k, which is a higher middle class income

2020-03-07 07:54:46 UTC  

A steeply progressive tax rate id argue is needed

2020-03-07 07:54:50 UTC  

90% top

2020-03-07 07:55:26 UTC  

5% on below 30k and 0% for those just entering the work force

2020-03-07 07:55:37 UTC  

Such as 16-21 year olds

2020-03-07 07:55:52 UTC  

(economics are extremely boring)

2020-03-07 07:56:01 UTC  

They are still essential

2020-03-07 07:56:13 UTC  

True.

2020-03-07 07:56:19 UTC  

@Koninos They are but necessary, but there are more important things I'd argue

2020-03-07 07:56:30 UTC  

A king who focuses on the economy only is a bad kind

2020-03-07 07:56:31 UTC  

King

2020-03-07 07:56:37 UTC  

There's a verse on it

2020-03-07 07:56:39 UTC  

Hold up

2020-03-07 07:57:37 UTC  

When the king is concerned with justice, the nation will be strong, but when he is only concerned with money, he will ruin his country.
Proverbs 29:4

2020-03-07 07:57:48 UTC  

A good person knows the rights of the poor, but wicked people cannot understand such things.
Proverbs 29:7

2020-03-07 07:58:03 UTC  

We feel the effects of bracket creep now. It's why I can't take programs serious that talk about only taxing the super-rich. That's what all tax codes wanted to do, and yet here we are, with middle class earners paying the top rate

2020-03-07 07:58:58 UTC  

What is allowing taxes to creep to the middle class

2020-03-07 07:59:05 UTC  

And why are the rich being taxrd less

2020-03-07 07:59:11 UTC  

Genuine question I don't know

2020-03-07 07:59:30 UTC  

I'd wager it's the rich lobbying or having favors done but nothing to confirm

2020-03-07 07:59:40 UTC  

It means that as nominal income rises, people move into the higher tax brackets, even though their real income has stayed the same or even decreased

2020-03-07 08:00:06 UTC  

Too many brackets imo

2020-03-07 08:00:12 UTC  

3-5 brackets max

2020-03-07 08:00:33 UTC  

States are greedy, more greedy than any corporation I ever dealt with. You know how I feel? I feel that my state hates me

2020-03-07 08:00:39 UTC  

And hates my entire family

2020-03-07 08:00:54 UTC  

You are confusing the state with politicians

2020-03-07 08:01:29 UTC  

Everyone talks about taxing the rich as if they were all thieves, and here I am, taxed like I was rich. What can I conclude, except that the state regards me as a thief?

2020-03-07 08:01:40 UTC  

We have politician-states

2020-03-07 08:01:59 UTC  

The problem is politicians

2020-03-07 08:02:04 UTC  

Not the state within of itself

2020-03-07 08:02:44 UTC  

The state produces them

2020-03-07 08:03:52 UTC  

No

2020-03-07 08:04:03 UTC  

Corruption and Money do

2020-03-07 08:04:16 UTC  

Money is the root of all evil, follow the money and you find the evil

2020-03-07 08:04:38 UTC  

If you believed that, you wouldn't beg the rich for their money